Bigger Picture
Open’s Interest… Thu Jun 12 2014
Welcome to Open”s Interest for Thursday
(Setups and parameters are below… VIDEO UPLOAD ISSUE, WILL SEND IT LATER THIS EVENING)
Last week”s Universe || Last Open”s Interest || Non-MJ Requests
I wasn”t aware until now that this following paragraph was not included with Wednesday”s Livedesk announcement: I was unable to overcome The Universe uploading issue, and being so late in the week, I”ll just wait another day and publish it after Friday”s close.
My focus today is on stock coverage that I recently dropped. My warning that VAPE was heading back to its low played out in 2-1/2 days — the third day ended by recovering it all, a 40% rally off of its new low. SPRWF coverage is being resumed after its extra dip was recovered entirely. NVLX coverage was dropped upon retesting its recent high because the pattern then targeted new lows, which are now being probed. VPOR is an older candidate, and RSSFF is much newer, each of which has reached a fork in the road, and both are candidates for initiating coverage.
Don”t forget to join us after Thursday”s close at 4:30pm ET for the weekly Unlimited livedesk. After reviewing active MJ stocks, we”ll do a
refresher on the RSI technical indicator, and then introduce MACD before analyzing your stock requests.
One more reminder about the Weedstock conference in Denver — let me know if you”re coming, so we can be sure to connect (
discounts are still available by entering the code “MSTT” at checkout).
..
Enjoy!
| SYMBOL | suppt | resist | target | stop | SETUP |
| SPRWF |
n/a |
.086 |
.135 |
.073 |
PULLBACK |
| May have absorbed the pullback”s extra dip | |||||
| EDXC |
n/a |
.12 |
.18 |
.105 |
PULLBACK |
| Closed unchanged Wed, despite the morning”s probes | |||||
| GBLX |
n/a |
1.95 |
4.75 |
1.85 |
PULLBACK |
| Can”t afford to delay bouncing out of recent lows | |||||
| TRTC | .44 | .65 | .91 | .67 | BOTTOM FISH |
| Dropping coverage Thu as Rising Wedge is not extending | |||||
| TWMJF | 2.75 | 3.05 | 3.75 | 2.65 | PULLBACK LIMIT |
| Didn”t reject Tue”s gap up, but volume a little low | |||||
| -MDBX | 17.95 | 20.15 |
12.25 |
21.30 | PULLBACK |
| Will sell support break if resistance not yet tested | |||||
| ERBB | .029 | .034 | .050 | .032 | UP/DOWN-CRASH |
|
Tuesday”s temporary bounce extended much deeper Wed,” delaying a recovery above .029 could target .022 |
|||||
Breakout
(consolidations or basing that is forming an accumulative pattern )
Up/Down-Crash
(extended trending with only 1-2 countertrend closes, ready to snap back)
Pullback Limit
(breakouts and bounces that have retraced 61.8%…
these situations are often make, or break)
Bottom Fish
(basing after extended decline — not really a “trade”)
(breakdown unconfirmed a 2nd day — only buy strength)
Third-day Surge
(2-day surge to fresh highs at risk of peaking — don”t chase higher)
Not a Charm
(third test of retested low, triangle — lower lows coming?)
Falling Knife
(trying to catch the reaction to a steep drop — ouch)
Rocket Launch
(sudden explosive interest that gains traction)
Monitoring
(observations of other stocks of interest)
Open”s Interest is the daily pre-open reference for marijuana stock patterns currently of interest, including other insights and overviews.
Let”s begin today”s Livedesk a
Let”s begin today”s Livedesk a little early, at 10:45 ET. It”s still limited to 30 minutes, so add your stock analysis requests now to this post”s thread. After addressing them, I”ll get whatever time allows in the chat.
Before adding your request here, please be familiar with the guidelines for Non-MJ stock requests:
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/blog/1143/view/47015/
Livedesk is linked from the left sidebar, or just click here by 10:45 ET:
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk
Open’s Interest… Wed June 11 2014
Welcome to Open”s Interest for Wednesday
(Setups and parameters are below…)
Last week”s Universe || Last Open”s Interest || Non-MJ Requests
I”m updating The Universe to be available at Wednesday”s open. No new coverage is being initiated, but two stocks saved themselves from being removed. Reminder: One more word about the Weedstock conference in Denver — let me know if you”re coming, so we can be ure to connect (
discounts are still available by entering the code “MSTT” at checkout).
..
Enjoy!
| SYMBOL | suppt | resist | target | stop | SETUP |
| EDXC |
n/a |
.12 |
.18 |
.105 |
PULLBACK |
| Credible bounce Tue, now requires volume surge | |||||
| GBLX |
n/a |
1.95 |
4.75 |
1.85 |
PULLBACK |
| Finished retracing Mon”s gap, can”t delay rally if valid | |||||
| TRTC | .44 | .65 | .91 | .67 | BOTTOM FISH |
| Closed Tue above key resistance | |||||
| TWMJF | 2.75 | 3.05 | 3.75 | 2.65 | PULLBACK LIMIT |
| tested gap as resistance Tue | |||||
| -MDBX | 17.95 | 20.15 |
12.25 |
21.30 | PULLBACK |
| Bounce has tested resistance, and held | |||||
| ERBB | .029 | .034 | .050 | .032 | UP/DOWN-CRASH |
| Nice intraday bounce Tue, but no net gain | |||||
Breakout
(consolidations or basing that is forming an accumulative pattern )
Up/Down-Crash
(extended trending with only 1-2 countertrend closes, ready to snap back)
Pullback Limit
(breakouts and bounces that have retraced 61.8%…
these situations are often make, or break)
Bottom Fish
(basing after extended decline — not really a “trade”)
(breakdown unconfirmed a 2nd day — only buy strength)
Third-day Surge
(2-day surge to fresh highs at risk of peaking — don”t chase higher)
Not a Charm
(third test of retested low, triangle — lower lows coming?)
Falling Knife
(trying to catch the reaction to a steep drop — ouch)
Rocket Launch
(sudden explosive interest that gains traction)
Monitoring
(observations of other stocks of interest)
Open”s Interest is the daily pre-open reference for marijuana stock patterns currently of interest, including other insights and overviews.
This morning”s Livedesk was recorded.
This morning”s Livedesk was recorded. Thanks to everyone that participated! We discussed the following stocks, in this order:
EDXC and TWMJF — Surging on expanding volume from relevant supports, most attractive long-entry candidates
TAUG — Today”s bounce isn”t nearly as credible for being a bottom than if another new low were probed first.
TRTC — Closing above .465-.47 would start to suggest the drop had ended, beware of sleeper resistance at .52 that must be recovered to confirm momentum had reversed up
SPRWF — Not an active candidate
ATTBF — Not an active candidate
ERBB — Having recovered from testing of support yesterday, there”s no excuse for further delaying the rally”s resumption
GWPH — Can”t consider shorting prior to a fresh high, or else a close under 67.75
GBLX — Must recover 1.95 to be at all bullish
VAPE — Close above 1.86 would be bullihs, but otherwise closing under 1.65 puts into play new lows
BRDT — Would gladly buy back only 2-cents cheaper than yesterday”s sale, because that would offer the considerable extra value of being somewhat confident the dip had ended. It otherwise has not
Non-MJ requests: HK, ACHN, RNN, AMD, CIG, TAP, GD
Ready for a good old-fashioned
Ready for a good old-fashioned Livedesk? We”ll do a 30-minute session at 11:00 AM ET. Add your stock analysis requests to this post”s thread. After completing them, I”ll get whatever time allows in the chat.
Before adding your request here, please be familiar with the guidelines for Non-MJ stock requests:
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/blog/1143/view/47015/
Livedesk is linked from the left sidebar, or just click here by 11:00 ET:
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/
